Dalian Wanda Group

Dalian Wanda, the Chinese conglomerate with more than $85 billion assets under control, has acquired US-based World Triathlon Corp (WTC), organizer of 91% of Triathlon events in the world, for $650 million.

World Triathlon Corp is headquartered in Tampa, Florida USA and is the world's largest operator of Ironman events and the most well-known Ironman brand. Having been in the business for 37 years, World Triathlon accounts for 91% of the global marketshare for long-distance triathlon events and operates 250 events annually worldwide. Officially included in the Olympic Games, triathlons are comprised of three disciplines, swimming, cycling, and running, completed in succession.

(Founded in 1988 and operating in four major areas - commercial property, luxury hotels, culture & tourism, and department stores, Dalian Wanda Group has annual income of around $38 billion).

Infront focuses on distributing media rights for broadcasting sports events including the soccer World Cup and several Olympic winter sports. The acquisition will see Wanda Group, China's largest property developer which also controls the country's largest cinema chain, take a 68.2 percent stake in Infront. Three unidentified Chinese and global investors will take the remaining minority stake. (Infront generated about 800 million euros in revenue last year).

To see a list of investors from China similar to Dalian Wanda Group Co, check the recently updated 2015 edition of Chinese Investors Directory

Wanda Group, which runs department-stores, tourism businesses and chain of movie theaters in China, acquired AMC Entertainment in 2012 for $2.6 billion to expand into the US. Talks with Lions Gate are at an early stage. Wanda has also held discussions about investing in Metro-Goldwyn-Mayer, the producer of James Bond films.